C
TILAK MAHARASHTRA VIDYAPEETH, PUNE
MASTER OF COMMERCE (M.COM.) (EXTERNAL)
EXAMINATION : MAY - 2015
SECOND SEMESTER
Sub: Banking Laws (MCB - 211)
Date: 18/5/2015
Instructions:
Total Marks :60
Time: 10.00 am to 12.30 pm
1) All questions are compulsory.
2) Figures to the right indicate full marks.
Q.1
Answer the following questions. (Attempt any two)
(32)
1 Explain the functions of the Business Companies as per Sec.6 of the Banking Regulation Act 1949.
2 Explain the dishonour of negotiable instrument as per Sec.91 – 92 of the Negotiable
Instrument Act 1881
3 Define Endorsement? What are the different types of Endorsements?
4
Q.2
Explain the central banking functions as per vSec.20 to 45 of the Reserve Bank of India Act 1934.
Answer the following. (Attempt any one)
(8)
1 What re the powers of Reserve Bank to inspect authorized person?
2 State and Explain Promissory note with its features
3 Differentiate between Cheque and Bill of Exchange
Q.3
Write short notes. (Attempt any two)
(10)
1 Payment in due course
2 Parties to a cheque
3 Development of payment system
4 Authorized person as per The FEMA
Q.4
Select the Correct Alternatives (Attempt Any Ten)
(10)
1. The Banking regulation Act was enacted for __________.
a. Regulating banking companies
b. Creating Reserve Bank
c. Regulating acceptance of deposits from
d. All of the above
public
2. A public sector bank is a body corporate created under a special statute.
a. True
b. False
c. Can’t Say
d. None of the above
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3. A banking company shall form any subsidiary company.
a. True
b. False
c. Can’t Say
d. None of the above
4. Trading of shares and securities by banks is subject to regulation by _______.
a. Controller of capital issues
b. SEBI
c. Company law Board
d. None of the above
5. A bill payable on demand is called Time Bill.
a. True
b. False
c. Can’t Say
d. None of the above
6. Sans recourse endorsement means__________.
a. I am not afraid
b. It is not to be endorsed
c. Ask the drawer
d. Without liability to me
7. In respect of the terms and conditions of service of its workmen, opening and closing of
its branch premises, a bank is answerable to ___________.
a. Its corporate office
b. RBI
c. Labor authorities
d. Its head office
8. Adjudicating authority has to Endeavour to dispose off the complaints within ________
from the date of receipt of the complaint.
a. 1 year
b. 182 days
c. 6 Months
d. 4 weeks
9. A primary co-operative bank does not require license from RBI to carry on banking business.
a. True
b. False
c. Can’t Say
d. None of the above
10. RBI is empowered to conduct _________ of a banking company under Sec.35(1) of the
Banking Regulation act.
a. Inspection
b. Special Audit
c. Audit
d. All of the above
11. A co-operative Bank having branches in more than one state is a
a. Multipurpose Co-operative Bank
b. Multi State Co-operative Bank
c. Multi Dimensional Co-operative Bank
d. Multi Co-operative Bank
12. RBI can revoke any authorization given to an authorized person.
a. True
b. False
c. Can’t Say
d. None of the above
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